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Ola Electric takes off, against the odds

The EV firm is now the largest player in the electric two-wheeler industry. But the stakes are getting higher as well.Defying pundits, Ola ended 2022 as the largest player in the fast-growing electric two-wheeler industry the company sold over 100,000 vehicles, ahead of Hero Electric, Okinawa and TVS

Can Tesla s entry into India power up its struggling electric vehicle market?

Can Tesla s entry into India power up its struggling electric vehicle market?
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IKEA India FY20 loss widens to Rs 720 crore; net sales up 65% : Bulletin: Business Today

Loading the player. Auto industry to see stronger growth in 2021-22: Nomura The Indian auto industry is expected to see stronger growth in 2021-22, after recovering from the devastating effects of the COVID-19 pandemic, with electric vehicle sales, especially two-wheleers, also likely to see positive movements, according to Nomura Research Institute Consulting & Solutions India. However, in the personal vehicles segment, the levels reached in 2018-19 would be reached only in 2022-23, it added. New Covid-19 strain may cause more hospitalisations, deaths: Study The year 2021 is expected to arrive on a grim note as the new COVID-19 strain discovered in the UK is expected to lead to a surge in hospitalisations and deaths due to its higher transmissibility rate. Scientists have also requested the governments across the world to ensure expeditious roll out of COVID-19 vaccine in their respective countries to prevent more deaths.

Indian auto industry expected to see stronger growth in 2021-22: Nomura

The Indian auto industry is expected to see stronger growth in 2021-22, after recovering from the devastating effects of the COVID-19 pandemic, with electric vehicle sales, especially two-wheleers, also likely to see positive movements, according to Nomura Research Institute Consulting & Solutions India. However, in the personal vehicles segment, the levels reached in 2018-19 would be reached only in 2023-24, it added. In 2018-19, passenger vehicle sales rose 2.7 per cent to 33,77,436 units from 32,88,581 units in 2017-18, according to the Society of Indian Automobile Manufacturers (SIAM). After the devastating effects of the COVID-19 pandemic, it is expected that the auto industry will see stronger growth in 2021-22, Ashim Sharma, partner and group head (business performance improvement consulting-auto, engineering and logistics) at NRI Consulting & Solutions India, said.

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